Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
Market Talk – September 23, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 closed
• Shanghai increased 12.10 points or 0.44% to 2,748.92
• Hang Seng decreased 11.46 points or -0.06% to 18,247.11
• ASX 200 decreased 56.60 points or -0.69% to 8,152.90
• SENSEX increased 384.30 points or 0.45% to 84,928.61
• Nifty50 increased 148.10 points or 0.57% to 25,939.05
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.0029 or 0.43% to 0.68356
• NZDUSD increased 0.00287 or 0.46% to 0.62658
• USDJPY decreased 0.517 or -0.36% to 143.304
• USDCNY increased 0.01696 or 0.24% to 7.05778
The above data was collected around 13:09 EST.
Precious Metals:
• Gold increased 6.99 USD/t oz. or 0.27% to 2,628.58
• Silver decreased 0.431 USD/t. oz. or -1.38% to 30.743
The above data was collected around 13:11 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 7.82 points or 0.10% to 7,508.08
• FTSE 100 increased 29.72 points or 0.36% to 8,259.71
• DAX 30 increased 126.78 points or 0.68% to 18,846.79
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00388 or -0.35% to 1.11242
• GBPUSD increased 0.00244 or 0.18% to 1.33455
• USDCHF decreased 0.00377 or -0.44% to 0.84640
The above data was collected around 13:19 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 61.29 points or 0.15% to 42,124.65
- S&P 500 advanced 16.02 points or 0.28% to 5,718.57
- Nasdaq advanced 25.95 points or 0.14% to 17,974.27
- Russell 2000 declined 7.61 points or -0.34% to 2,220.28
Canada Market Closings:
- TSX Composite advanced 27.34 points or 0.11% to 23,894.71
- TSX 60 advanced 2.11 points or 0.15% to 1,434.05
Brazil Market Closing:
- Bovespa declined 389.25 points or -0.3% to 130,676.19
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.719 USD/BBL or -1.01% to 70.281
• Brent decreased 0.617 USD/BBL or -0.83% to 73.873
• Natural gas increased 0.1518 USD/MMBtu or 6.24% to 2.5858
• Gasoline decreased 0.0495 USD/GAL or -2.43% to 1.9900
• Heating oil decreased 0.035 USD/GAL or -1.61% to 2.1397
The above data was collected around 13:21 EST.
• Top commodity gainers: Natural Gas (6.24%), Wheat (2.71%), Coffee (4.24%) and Corn (3.00%)
• Top commodity losers: Steel (-2.20%), Orange Juice (-3.38%), Gasoline (-2.43%) and Palladium (-2.28%)
The above data was collected around 13:27 EST.
BONDS:
Japan 0.8640% (-0.02bp), US 2’s 3.58% (-0.036%), US 10’s 3.7390% (-0.5bps); US 30’s 4.08% (-0.002%), Bunds 2.1465% (-7.45bp), France 2.938% (-2.6bp), Italy 3.5160% (-4.4bp), Turkey 28.47% (-3.5bp), Greece 3.153% (-6.1bp), Portugal 2.7060% (-8.3bp); Spain 2.939% (-6.4bp) and UK Gilts 3.9240% (+2.2bp)
The above data was collected around 13:31 EST.
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